Business Summary Links By Day

Business Summary Links By Day

Dave’s Daily: http://www.etfdigest.comWAITING ON JOBS REPORT 4-5-12 ‘It seems investors were biding their time Thursday ahead of a long holiday weekend and the unique Friday holiday release of the April Employment Report with markets closed. It would seem most investors don’t wish to expose themselves to potential market fluctuations when markets are closed.Thursday’s Jobless Claims report continued the consistent trend of revising previous claims higher allowing for a headline “beat”. The data showed 357K claims vs 363K higher previously (adjusted higher from 359K). This led to headlines like: “Jobless Claims Lower” and so forth.Consumer Discretionary (XLY) shares were much in focus as heavyweight McDonalds (MCD) led the sector higher overall. Financials (XLF), Materials (XLB) and Homebuilders (ITB) led the way lower. Bond prices were higher (IEF & TLT) as was the dollar (UUP) while high yield or junk (HYG) bond prices were weaker. Gold (GLD), silver (SLV) and commodity (DBC) prices overall were somewhat higher along with crude oil (USO).Volume was understandably weak ahead of the holiday and the employment report. Breadth per the WSJ was mostly negative…’ , 19 Signs Of Very Serious Economic Trouble On The Horizon http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm ‘Most Americans have no idea how much economic trouble is heading our way. Most of them just assume that everything will eventually "return to normal" just like it always has before and that those running our economy "know what they are doing" and that we should trust them to do their jobs. Unfortunately, these beliefs are being reinforced by the bubble of false hope that we are experiencing right now…’ , Why the ECB Expanded Its Balance Sheet By Over $1 trillion in Less Than Nine Months April 5, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/ecbexpandsbalsheetover1trilllessthan9mos.htm , Net Worthless: People As Corporations Durden on 04/06/2012 US Households haven't shaken their 'junk bond' credit rating, given their poor income statement and balance sheet. Reversing Mitt Romney's famous quote "corporations are people", Bank Of America remains skeptical of this self-sustaining recovery - expecting second half growth to slow significantly as businesses and households react to the risk of a major fiscal shock (and in the short-term, momentum looks unsustainable). From an income statement perspective, 'a paycheck just ain't what it used to be' with food and energy prices rising and payroll growth (typically a good proxy for income growth) is disappointingly timid leaving real disposable income diverging weakly from a supposed job recovery. The balance sheet perspective has been helped by the rise of the equity market but the recovery in net worth in the last three years has barely outstripped income growth, leaving the ratio deeply depressed. The upshot is that the recent pick-up in consumption is not being fueled by income or wealth gains, but mainly by drawing down savings. Many households remain deeply distressed and react to higher costs of living by drawing down savings further. , JPMorgan Trader Accused Of "Breaking" CDS Index Market With Massive Prop Position , Q1 Post Mortem Stunners: Full Year 2012 EPS Forecasts Are Down 2% YTD; Apple Represents 15% Of S&P Rise , Egan Jones Downgrades USA From AA+ To AA, Outlook Negative Durden A few weeks ago when discussing the imminent debt ceiling breach, and the progression of US debt/GDP into the 100%+ ballpark, we reminded readers that in February S&P said it could downgrade the US again in as soon as 6 months if there was no budget plan. Not only is there no budget plan, but the US is about to have its debt ceiling fiasco repeat all over as soon in as September. Which means another downgrade from S&P is imminent, and continuing the theme of deja vu 2011, the late summer is shaping up for a major market sell off. Minutes ago, Egan Jones just reminded us of all of this, after the only rating agency that matters, just downgraded the US from AA+ to AA, with a negative outlook. , Bank Downgrade Forward Calendar , Today's Ebay Special - The Country Of Greece , On The Pain In Spain , Nonfarm payrolls should fall by 377,000 (But they won’t) : ilene : 04/05/2012 What's your wild guess? , Greece: Even Corruption Is In A Deep Recession : testosteronepit : 04/05/2012 Bribes for surgery. , Is The Japanese Party Ending? , Four Weeks Of Deja Vu Propaganda , 3 Charts On The 'Real' Deteriorating State Of Corporate Balance Sheets Durden If you spend your day listening to mainstream financial media you could be forgiven for believing that things have never been better for corporate balance sheets - exceptionally high levels of cash and fortress-like conservatism for example. However, in the trenches of reality, from a high-yield and investment grade credit market perspective (and perhaps this is why credit markets are expressing considerably more concern than equities still) there are three trends that point to deterioration and far-from-Nirvana cash-flow protection that should be paid close attention to. , Art Cashin On Bernanke's Secret Banker Meeting To Keep Europe Afloat , Meet The People Bringing You Currency Manipulation On A Daily Basis , Initial Claims Continue String Of Disappointments

Frontrunning: April 5

Portugal Says Some Town Halls May Need to Restructure Their Debt (Bloomberg)
Draghi Scotches ECB Exit Talk as Spain Keeps Crisis Alive (Bloomberg)
China PBOC Injects Net CNY25 Bln Into Money Market This Week (WSJ)
BoE warns on mortgage limits (FT)
Apple investigating new iPad WiFi issues, tells AppleCare to replace affected units (9to5Mac)
Juppé promises French hard line in EU (FT)
ECB liquidity fuels high stakes hedging (FT)
Fed’s Lacker Says Markets Saw Odds of Policy Easing as Too High (Bloomberg)
Japan minister to ask for nuclear reactor restart: media (Reuters)

Miscellaneous Business Headlines

Your Cell Phone Makes You A Prisoner Of A Digital World Where Virtually Anyone Can Hack You And Track You http://endoftheamericandream.com http://albertpeia.com/cellphoneprisonershackedandtracked.htm ‘If you own a cell phone, you might as well kiss your privacy goodbye. Cell phone companies know more about us than most of us would ever dare to imagine. Your cell phone company is tracking everywhere that you go and it is making a record of everything that you do with your phone. Much worse, there is a good chance that your cell phone company has been selling this information to anyone that is willing to pay the price - including local law enforcement. In addition, it is an open secret that the federal government monitors and records all cell phone calls. The "private conversation" that you are having with a friend today will be kept in federal government databanks for many years to come. The truth is that by using a cell phone, you willingly make yourself a prisoner of a digital world where every move that you make and every conversation that you have is permanently recorded. But it is not just cell phone companies and government agencies that you have to worry about. As you will see at the end of this article, it is incredibly easy for any would-be stalker to hack you and track your every movement using your cell phone. In fact, many spyware programs allow hackers to listen to you through your cell phone even when your cell phone is turned off. Sadly, most cell phone users have absolutely no idea about any of this stuff.’

World food prices rise further, raising fears of unrest

Reuters | Global food prices rose in March for a third straight month with more hikes to come.

Stocks Have Second Biggest Plunge Of 2012

Zero Hedge | US majors have been losing significant ground since Monday’s European close.

U.S. Corporate Tax Rate Consequences

James Hall | Corporate tax rates need to reflect the commitment to rebuild America.

‘US Seeks to Disintegrate Yemen for its Oil Resources’

Press TV | Yemen looks to be the next target for US economic hit men in the region.

US Needs To Generate 262K Jobs Each Month To Get Back To Break Even

Zero Hedge | So what has to happen for these 10 million to get promptly put back into jobs?

Egan Jones Downgrades USA From AA+ To AA, Outlook Negative

Zero Hedge | In February S&P said it could downgrade the US again in as soon as 6 months if there was no budget plan.

Gold Collapse … the Bubble Is Pricked?

The Daily Bell | Gold prices plunge overnight – is the rush over? … Has the gold boom come to an end?

Bailouts Pass On Burden To Taxpayers

Bob Chapman | How do you create your own monsters?

AP Business Highlights

...Yahoo Market Update…

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{ some prior links of current interest }

A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm, 20 Signs You Might Be A Typical American Worker http://albertpeia.com/20signsoftypicalamericanworker.htm , 10 Signs That America Is Decomposing Right In Front Of Our Eyes http://albertpeia.com/10signsamericadecomposing.htm , 8 Reasons Why The Greek Debt Deal May Not Stop A Chaotic Greek Debt Default http://albertpeia.com/8reasonsgreekdebtdefaultstillcoming.htm , 55 Interesting Facts About The U.S. Economy In 2012 http://albertpeia.com/55factsaboutus2012economy.htm , http://albertpeia.com/debtpercapita.jpg , Double-dip recession setting in across eurozone: EU , America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm , Society’s Five Stages of Economic Collapse http://albertpeia.com/5stagesofcollapse.htm , No Housing Recovery - Case Shiller Shows 8th Consecutive Month Of House Price Declines Durden , Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP) Durden, , 20 Economic Statistics To Use To Wake Sheeple Up From Their Entertainment-Induced Comas http://albertpeia.com/20ecostatstowakesheeple.htm , Central bank balance sheet expansion since end 2007 Mar 1st, 2012 by News (ZeroHedge) — SNB +230%; Fed +222%, BOJ +125%, BOE +87%, PBOC +93%, ECB +51%. USA Gold / PG View: Pretty strong evidence that the rally in bonds — and by extension the rally in stocks — is nothing but a charade. , 10.7 Percent: Unemployment In Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm , Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us http://albertpeia.com/inflationisatax.htm , 15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months http://albertpeia.com/15massivethreatstoeconomy.htm , 1 Through 30 – The Coming U.S. Financial Crisis By The Numbers http://albertpeia.com/1-30usfinancialcrisiscoming.htm , Greece Has Defaulted - Which Country In Europe Is Next? http://albertpeia.com/greecehasdefaultedwhonext.htm , Five Charts That Prove We’re in a Depression and That the Federal Reserve and Washington Are Wasting Money gpc1981 http://albertpeia.com/usindepressionfedandgovwastingmoney.htm , Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely .http://albertpeia.com/uspensionscutorvanishing.htm , America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed http://albertpeia.com/ustransformedfromwealthytopoor.htm , ECRI Stays with Recession Call New American | The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales…BOB ADELMANN New American Tuesday, March 13, 2012 http://albertpeia.com/ecricallsrecession.htm , Consumer prices rise on high gas costs But outside higher pump prices, inflation stayed mild. (Washington Post) [ Wake up! They’d have a hard time denying what’s in plain sight for everyone to see. Yet, apparently they’ve not gone grocery shopping lately; you know, all that catered food for fools in Washington. , Financial Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown, predicting the global crisis that occurred the following year. I now see a similar confluence of events that warns of phase II of the global crisis… My work shows that “the new recession has started.”… Over the past 33 years, we have called the start of every recession, often on the exact month, or within one month, of the official start as determined one year later by the official arbiter of recession, the National Bureau of Economic Research (NBER)… However, inflation is far understated for political reasons. Currently, the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted as “growth,” is actually price increases. Actual inflation, according to free market economists who calculate inflation as it was done in 1980 before the politician re-engineered it, is now more than 11%. Using that to adjust GDP for inflation, would show that the economy is now in a very sharp contraction…’ , Conned 2012: Joseph Kony Is A CIA Contractor [ Yeah, cia, mossad, kony, they look like and are a bunch of spooks. ] Saman Mohammadi | Former European MP, journalist, and author Richard Cottrell says Lord Resistance Army is backed by CIA and Mossad. , 11 Reasons Why America Would Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the aforesaid is true! And, though america particularly, not just america, but the entire world as well! ] http://albertpeia.com/americabetterwithoutgoldmansachs.com , The Obama Flag: Who Decided That It Was Okay To Replace The Stars On The American Flag With The Face Of Barack Obama? http://endoftheamericandream.com http://albertpeia.com/monkeyflag.htm [Aside from the desecration issues, from a purely aesthetic perspective, that picture on the flag of that ugly monkey obama is an absolute disgrace and affront to any rational person’s aesthetic sensibilities!] , Who Decided That It Would Be A Good Idea.... http://albertpeia.com/misplacedfaith.htm , As US Rakes Largest Monthly Deficit In History, 2012 Tax Revenues Net Of Refunds Trail 2011 Durden, Guest Post: Money from Nothing - A Primer On Fake Wealth Creation And Its Implications (Part 1) Durden 3-12-12 What is fraud except creating “value” from nothing and passing it off as something? Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization. Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left., Guest Post: Money from Nothing - A Primer on Fake Wealth Creation and its Implications (Part 2) ZeroHedge.com 3-14-12 Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. , Guest Post: The Audacity of Bonuses At MF Global Durden 3-12-12 In the spirit of George Orwell’s Animal Farm commandment: “all animals are equal, but some animals are more equal then others” comes the galling news that bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay bonuses to certain senior executives. This, despite the fact that nearly $1.6 billion of customer funds remains “missing” or otherwise partially accounted for, yet beyond the reach of those customers, perhaps forever, since before the firm declared bankruptcy on October 31, 2011... ,